News

Holiday Gift Giving

Top Five Last-Minute Shopping Gift Gaffes to Avoid

The holiday season is well underway, with celebrations and gift exchanges having already begun for many. Before you resort to stuffing cards with twenty-dollar bills or placing your orders for concert tickets in 2023, make sure the items you have in mind aren’t on this list of the top five last-minute gifts you should probably avoid.

Read More

Business People-2

5 Steps to Building а Better Client Experience

The phrase ‘client experience’ is more than business trend buzz. According to TaxDome CEO Ilya Radzinsky creating a seamless client experience boost referrals and sets firms apart from their competition. Find out what five steps she says organizations can take to start building a better experience for the clients today.

Read More

Celebrate News

The Michigan Association of CPAs Hosts 2022 Awards

For the first time since 2019, the MICPA will host its annual awards ceremony in person tomorrow at the Suburban Collection Showplace in Novi! Join us as we honor the best and brightest in the Michigan accounting profession and raise funds to support future accounting students through the Michigan Accounting Foundation scholarship program.

Read More

Idea-1

A Breath Of Fresh Air: MICPA Member, Plante Moran Partner, LGBTQ Leader Kris Ray

According to MICPA member, Plante Moran Partner Kris Ray, visibility is the key to building a more diverse profession. Find out how Kris helped build Plante Moran’s first staff resource group, PM Pride, growing its membership from just six people to more than 250 members over the span of decade.

Read More

Business Person-1

It’s the Network, For Me…

The importance of building a strong professional network cannot be understated, especially in a profession as nuanced as accounting. You never know when you may need to call on an expert for insight on a niche topic or advice on applying freshly updated standards. Find out how the MICPA is uniquely positioned to help its members connect with other CPAs, especially for those who aren’t surrounded by other accountants at work, and how you can start building these relationships before the year is over!

Read More

Shaking Hands-1

Tips for Handling Business Clients with Unpaid Payroll Taxes

The IRS treats unpaid payroll taxes very seriously. In fact, 72% of all tax revenue comes in the form of these payroll taxes held “in trust” by an employer on behalf of their employees” credited withholding for the IRS. Delinquent payroll taxes can snowball into an avalanche of accumulated IRS debt very quickly. Expert tax attorney, Venar Ayar, JD, LLM, founder of Ayar Law, shares how to best handle these potentially devastating tax situations, which could threaten to wipe out a client’s business.

Read More

Students-5

Connecting Future Generations to the World of Accounting

Expanding the CPA pipeline is a top priority within the profession, and the MICPA is making moves by taking steps to bring today’s industry into the classroom. Find out how our partnership with the AICPA and other state societies is bringing CPAs and accounting college students to high schools all over Michigan this November. Plus, find out how you can help the State of Michigan implement the recently passed HB5190, which adds financial literacy to the state high school required curriculum.

Read More

Teacher-3

The Imitation Principle: 3 Ways to Relate to Humans Again

Recent reports suggest that many people are experiencing what experts call re-entry anxiety following two years of remote work and social distancing, but how long until we all feel normal again? MICPA 2022 Accelerate keynote speaker Mark Ostach says the distance some professionals might be feeling between themselves and their colleagues, friends or even family could be due to the Imitation Principal.

Read More

News-_0019_bottomline-charts

Inflation Reduction Act Targets Increased Revenue Through IRS Funding, Audits

The Inflation Reduction Act (IRA) includes several provisions for funding the IRS, climate reform and healthcare. Paychex breaks down the most relevant components, including the Premium Tax Credit extension, the 15% minimum tax on corporations and more.

Read More

Finance-8

Inflation Reduction Act: Introducing Clean Energy Credits to Your Clients

The Inflation Reduction Act (IRA) created several new tax provisions and expanded some that already existed. Despite many of these provisions lacking key details and others not coming into effect until 2024, experts are cautioning financial advisors to prepare now to field client inquiries.

Read More